Leapmotor Auto Sales Raises Registered Capital to RMB 850 Million, Up 325%

On January 8, Zhejiang Leapmotor Automobile Sales & Service Co., Ltd. completed a business registration amendment, significantly increasing its registered capital from RMB 200 million to RMB 850 million—an increase of 325%. According to Tianyancha, the company was established in August 2018, with Xu Jun as its legal representative. Its core businesses include sales of new energy vehicles (NEVs), retail and wholesale of automotive parts and accessories, NEV electrical components, mechanical and electrical equipment, as well as internet data services. This capital increase is expected to further strengthen the company's presence and capabilities in the NEV sales and service ecosystem.